JPMorgan joins proxy access trend, adopts clawback disclosure

BOSTON Oct 26 JPMorgan Chase & Co said on Monday its board will consider a bylaw amendment to make it easier for small groups of investors to run candidates for the New York bank's board of directors.

In a securities filing, JPMorgan said its board told management to prepare an amendment to grant groups of up to 20 shareholders the right to nominate their own candidates, a change known as "proxy access" that has become a popular reform at many companies this year.